Bop accounting

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  • Accounting is the most employable, sought-after major for 2009, according to entrylevel job site CollegeGrad.com. One reason for this interest is found in the statement by former Secretary of the Treasury and Economic Advisor to the President, Lawrence Summers. He noted that the single-most important innovation shaping our capital markets was the idea of generally accepted accounting principles (GAAP). We agree with Mr. Summers. Relevant and reliable financial information is a necessity for viable capital markets.

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  • The measurement of all international transactions in and out of a country over a year is a difficult task Mistakes, errors, and statistical discrepancies will and do occur Current and capital account entries are recorded independent of one another, not together as this accounting method would prescribe

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  • Chapter 10 - The balance of payments. The main goals of the chapter are to: Explain how the double-entry bookkeeping system of measuring Balance of Payments (BOP) works with reference to the IMF standard balance of payments, outline the specifics of Australia’s balance of payments, establish the importance of BOP for international companies.

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  • This chapter covers the measurement and interpretation of all international transactions between one country and the rest of the world: that is, the balance of payments. The main goals of the chapter are to: Explain how the double-entry bookkeeping system of measuring Balance of Payments (BOP) works with reference to the IMF standard balance of payments, outline the specifics of Australia’s balance of payments, establish the importance of BOP for international companies.

    ppt18p nomoney7 04-04-2017 1 1   Download

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